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Stock impact report

Private-Credit Firms Lure Largest Latin American Asset Manager [Yahoo! Finance]

Patria Investments Limited - Class A Common Shares (PAX) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Stock Traders Bracing for Worst Shrug Off Hot CPI: Markets Wrap Ex-Wall Street Banker Takes On AOC in New York Democratic Primary United Tells Boeing to Stop Making Its Long Delayed Max 10s China Has Never Canceled This Many Shipments of US Wheat Trump Wins Republican Nomination, Setting Up Rematch With Biden “There is a gigantic opportunity for private credit in Latin America, a place where credit is still very much concentrated in the biggest banks,” Vinci Chief Executive Officer Alessandro Horta said in an interview. “We are just beginning to see disintermediation in the region,” where there is only a “small presence of big regional asset-management players.” Since their initial public share offerings in January 2021, both Rio de Janeiro-based Vinci and its biggest competitor, Sao Paulo-based Patria Investments Ltd., have been on a buying spree, consolidating the alternative-investment industry in Latin America. Last week, Vinci said it will Show less Read more
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